Archive for the Ad Efx Category

THE ART OF THE “CLOSE” 

There are many different methods of judging the effectiveness of an advertising campaign but the two elemental goals should always be getting new customers into your establishment and getting them to purchase your products and/or services. The methods of attracting new clientele differ in format and effectiveness but at the end of the process you always want to see your customer traffic, and your revenues, increase. The only thing that would better the experience of meeting a new client and highlighting your products and services is to take it to the next step, that of seeing revenues generated by their visit and money hitting the bank.

Where a lot of businesses fail to capitalize on the new client is in knowing how to treat your new client, learning what it was that made them come into your establishment and closing a sale. Closing a sale is the goal that we will work towards in this column.

 THE NEW CLIENT 

When a new client comes into your establishment via an advertising promotion or campaign they have several different questions on their mind. They are wondering if you can do the services you claim to do, if you can do them very well, if they’ll be treated properly and if you have what it takes to be their supplier of choice. One of the most common mistakes that businesses can make is to run a promotional campaign and then fail to capitalize on the opportunity they have been presented with. The main criteria that will determine if you will be able to maintain a relationship with the new customer is how they are treated. It won’t help if you provide the best service in your neighbourhood if you treat someone poorly. Imagine how someone feels when they come into a business for the first time and excitedly present a coupon they’ve received only to hear “Oh, you have a coupon. I’m sorry but we don’t honor these anymore” or call to book an appointment for a special offer and are told “Sorry, we only have space for three discount customers a day”. The impression that the customer will leave with is that they are second class and have been treated as such. If you run any form of campaign for your business that involves a special or coupon you must treat these potential customers from the first contact as if they are your oldest and dearest clients, and soon they will be. The first impression that many customers have of a business is the impression they receive on their first phone call. Make sure whoever answers the phones is properly trained on your services and products, the length of time needed to complete an appointment and is fully informed of any specials or promotions that your business is conducting. The first opportunity to generate revenue for the business begins at the same time as the first phone call. When someone is booking in for an appointment the receptionist should also take a moment and advise them of any specials that are in effect and inquire if the time can be reserved for that now as it is in high demand. For example, if a new client calls in to an automotive service garage for an oil change, the receptionist could take the opportunity to inform them of the special currently being offered on wheel alignments. They could say “Mr. Smith, we have the time reserved for your service at 4:00 p.m. While I have you on the phone I wanted to take a moment and tell you we are running a special offer on wheel alignments. We are doing this service at 50% of our normal price. It takes an additional half hour and I could book the time now. Will your car be due for this service in the next couple of months”? By using this type of questioning and suggestive selling you will be able to generate added revenue from any type of service appointment. Also, by inquiring whether the car will be due for the service rather than asking if they would like to book the time, we take away the opportunity for the caller to say no to the offer and now have them thinking about a needed service for their vehicle.

 DETERMINING YOUR CLIENTS NEEDS AND CLOSING THE SALE 

An often overlooked skill that many businesses fail to develop is that of properly training your sale representatives to listen. We often train salespeople on when to talk and what to say but we don’t train them on when NOT to talk. You must determine why someone chose your business over another because that will open the door to filling that need. When a new client calls your business they are doing so for a reason, whether they saw an advertisement or by word of mouth. One very effective way to determine why they called is to ask. You could say “How did you hear of our business” or even simply “How will we be able to assist you today”? and then closely listen. If they are calling in from an advertisement then you should reference the advertisement in your conversation. For example “Oh, you saw our ad for the free massage. That’s fantastic. Allow me to set an appointment for you to take advantage of the introductory offer we have running”. If the customer was referred by another customer then you can say “Oh, you’re a friend of Mr. Smith. He was just in last week and took advantage of the 2 for 1 entrée special that the restaurant is running. I know he loved it and I’m sure you will as well. What night did you want to reserve and for how many”? There is another sales technique at play here, that of the third party referral. When you mention someone that the customer personally knows who has used your business in the past you will make the decision to purchase a much more comfortable and safe decision. No one wants to be the first at anything and no one wants to buy something only to find out later that it’s not suitable or of inferior quality. When you mention a colleague or acquaintance that has purchased from you in the past you will greatly increase the likelihood of selling to the new customer. By using leading questions you will be able to quickly source out the need or motivator that made that person call into your business and begin to work towards fulfilling that need. By assuming the sale (assuming during your conversations that the customer is definitely there to purchase) you will be able to lead a customer towards the close. One thing that you want to do is to structure your queries properly so that you can take away the option of having someone say “NO”. You can achieve this by asking questions that are not able to be answered with a yes or no. Instead of asking “would you like to book in for a manicure”? you could ask “do you have any weddings or special occasions coming up that you need to look your best for”? or instead of asking “would you like to buy this car”? you could ask “which of your friends will get the first ride in your new car”? These questions will move a customer away from deciding whether they want to purchase a product or service and get them thinking about how they will best use the product or service after they have purchased. In this way you are taking away the decision making ability that every customer has and replacing it with a mental image of them enjoying the purchase. However, to realize this image they will need to purchase your product and they are now much closer to making that decision.

The last sales technique we will touch on is the timing of the close. A common mistake that many sales representatives make is that they will ask the customer for the sale and then get scared or nervous while the customer is deciding. They feel pressured and begin to chatter away with all kinds of (usually) repetitive or inconsequential talk to fill the silence and defuse the pressure. What we need to teach is that while the pressure is there and does build the longer that the customer takes to decide, the pressure isn’t on the sales representative alone. The customer is feeling the pressure as well and the longer it takes them to decide the more the pressure will build. There is an old sales theory that is quite true that states “The first person to speak after the close loses”. This statement basically is telling us, as sales people, to close the sale using whatever method works best for us and then ….. STOP TALKING! Let the pressure build and don’t be afraid of it, the pressure is working for us. Many customers will decide to purchase at this point because they feel that they owe it to the sales person for the time and care they have taken to help them. They would almost feel guilty to say no at this point.

 

 Teach yourself and the sales staff in your business these techniques and your sales will soar!

Author: Pariza Wacek

Wondering why your marketing isn’t working all that well? Never fear, help is here. Fortunately (or unfortunately, depending on how you look at it) many marketing challenges can be traced back to a handful of marketing mistakes. 

1. Too broad a target market (who you’re selling your product or service to). If I ask you who your customer is and you answer “anyone with a pulse,” then I’m talking to you. Even if your product or service CAN help just about anyone on the planet, not everyone is going to buy it. They don’t have the money or the interest or whatever. And when you try and target everyone, you really end up targeting no one. The way to start making money (not to mention getting better results with your marketing) is to narrow your target market so you’re only talking to one specific group. However, there are pitfalls with that as well, as we see in the next mistake.

2. The wrong target market. This happens when you’ve chosen the wrong target market. What do I mean by wrong target market? They either aren’t interested in buying your product or service or they don’t have the money. Let’s look at the first one, lack of interest. What happens here is the word “need” is misused. “I know my target market needs this, therefore they’ll buy it.” Not so.

Ad Efx, Ad Efx MarketingThis happens a lot with people in the health and wellness field and it typically goes something like this. You are passionate about teaching yoga and you want to reach committed couch potatoes. Do committed couch potatoes need to be doing yoga? No question. Do they want to be doing yoga? Probably not or they wouldn’t be committed couch potatoes.

So let’s look at the second one, lack of funds. This happens when you’re going after a customer base that desperately wants what you’re selling but can’t afford it. For instance, a high-end spa targeting low-income single mothers. Would this target market adore the stress relieving benefits of a day at a spa? No doubt. Can they afford it? Probably not.

Now, that example is obvious, but it’s not always so cut and dried. Especially with service professionals. Business and life coaches for instance. They’re so passionate about what they do and they want to see people succeed, they go after a target market that may really want and need their services, but they can’t afford them. So these coaches lower their fees or coach for free or trade out (even if they aren’t interested in the trade) or something else that isn’t terribly helpful to their own business success. Bottom line — make sure you choose a target market that not only can afford your product or service but also want it. (Desperate for it is better yet.)

3. Looking for your target market in all the wrong places. This is a situation where “build it and they will come” doesn’t work. Once you know who your target market is, you need to go to them. And you shouldn’t waste your time in places where you won’t find them.

Let’s say your target market is Fortune 500 companies. Is hobnobbing at your local Chamber of Commerce going to pay off for you? Probably not. But buying a targeted list and putting together a direct mail campaign? Much better idea. Or, for instance, a friend of mine just realized a new niche target market she was going after doesn’t spend much time online. And, you guessed it, she does most of her marketing online. So, she either has to change her niche market or change how she markets to them.

Once you’ve selected a viable target market, make sure you’re putting your marketing time and dollars into places where they hang out.

4. Not a compelling message. Okay, you know you’ve got a good target market and you know how to reach them. But you’re still not getting any results. Now the problem might be your message. People have a lot of choices on where to spend their money. You have to give them a very compelling reason why they should spend their hard earned money with you.

Here’s where it makes sense to brush up on your copywriting skills (writing promotional copy) or hire someone to write your copy for you.

5. Not getting in front of your target market often enough. So you’ve run one ad. Or mailed one postcard. Or attended one networking event. And the work isn’t pouring in the door.

It’s a sad fact that you need to consistently get in front of your target market time and time again. Unfortunately, for the most part, your target market won’t wake up and say “Gee, I have to give so-and-so some money today” without some encouragement on your part. Remember, it’s not your target market’s job to remember you. It’s your job to remind them you’re here and would love to have their business.

Author: James Copper

I was talking to a veteran marketing consultant the other day and I asked him quite cheekily for his top 10 low cost marketing tips. To my amazement he complied and rattled off the following answer. I grabbed a notebook and feverishly started writing.

Please note that this man has spent a lifetime reading and researching the marketing game and helping thousands of small business owners to institute their marketing strategies. He said the following were guaranteed to help business owners get more customers, increase sales and income and build wealth.

The 10 Tips

1. Make a list and work on your marketing activities each day

It does not matter whether you are planning activities and promotions, or actually implementing them. As long as you stick to your list of six or seven items and plug away at them religiously each day, you will achieve your goals. But dont get stale. Periodically add two or three additional tactics to your strategy to freshen up your strategy and makes things fun.

2. Use buddy marketing to promote your business

Make a reciprocal arrangement with another similar or complementary business so that when you distribute brochures you include a leaflet, flyer, or business card of your buddy business. They do the same for you.

3. Advertise on your car its free

Order a pair of magnetic signs at your local sign shop. Include your business name, phone number, web site, and perhaps even a short blurb or special offer to build excitement.

4. When you are playing you should be working to promote your business

Remember, you are the best ambassador for your business. Wear tshirts printed with your company name on them. Wear them when you go bowling, play in a band, or go to your childrens baseball games. Hand out your business card to absolutely everyone you

5. Advertise in inexpensive local flyers

This is a low cast winner. Advertise in free sheets, brochures and leaflets distributed by sports club or sports event organizers, social clubs publicizing dances or other gatherings and even church communications. You never know who will see these little flyers.

6. Offer lottery tickets as incentives?

Lottery tickets are cheap but they have a million dollar cachet. Offer your customers a great incentive with a free ticket in the lottery.

7. Send candy in the mail and deliver cookies

People love anything sweet candy and cookies especially. Whenever you send a mailing or a package include candy.

8. Join your local chamber of commerce.

It sounds like a bore but this is a cheap and effective way to develop relationships, become involved in the community, build your contact and prospect list, and increase your knowledge.

9. Think about giving and not just taking

Approach every customer with the idea that you are there to help them really help them You should consider making the sale a secondary consideration. Its funny the sale will follow automatically

10. Marketing by walking around

You should walk around your neighborhood, talk to your existing customers and anyone else. Remember, they are your prospective customers. Word of mouth will start working for you.